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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net earnings $ 287,126 $ 234,623
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 80,844 86,836
Loss on sale/disposal of long-lived assets 51 157
Deferred income taxes (12,969) (6,392)
Share-based compensation 15,164 13,213
Non-cash restructuring charges 3,049 0
Change in operating assets and liabilities, net of businesses acquired and divested:    
Accounts receivable, net (120,795) (56,195)
Inventories, net (71,683) (56,632)
Accounts payable and accrued expenses (15,206) (42,020)
Deferred revenue 85,579 37,598
Net pension and postretirement liabilities (13,218) (14,128)
Other current and long-term assets and liabilities 5,034 (31,343)
Net cash provided by operating activities 242,976 165,717
Cash flows from investing activities:    
Proceeds from sale/disposal of long-lived assets 1,206 464
Additions to property, plant, and equipment (37,703) (32,037)
Acquisition of business, net of cash acquired (33,756) 0
Net cash used for investing activities (70,253) (31,573)
Cash flows from financing activities:    
Borrowings under revolving credit facility 16,615 586,230
Payments of revolving credit facilities (16,615) (586,230)
Principal payments on debt 0 (202,500)
Repurchases of common stock (137,580) (37,366)
Proceeds from share-based compensation 11,345 10,583
Dividends paid (15,707) (14,950)
Proceeds from (Payments for) Other Financing Activities (876) (813)
Net cash used for financing activities (142,818) (245,046)
Effect of exchange-rate changes on cash 7,078 2,737
Net increase (decrease) in cash and cash equivalents 36,983 (108,165)
Cash and cash equivalents at beginning of period 406,867 256,974
Cash and cash equivalents at end of period $ 443,850 $ 148,809